Description
HIGH DEMAND UNITS:
Terrace Woods is fully leased with Section 8 voucher residents, but the asset does not have any restrictive covenants tied to it. The property began leasing in August 2022 and was 100% leased five months later in January 2023. There is continued demand from CMHA to place residents in communities accepting Section 8 vouchers.
5 MONTH LEASE UP
RENTAL INCREASE STARTING AUGUST 2023
CMHA has approved a rental increase for the property going into affect August 2023. The increase will be applicable for all new leases and renewed leases after August. The new rates are:
1×1 = $890
2×1 = $ 1,095
Listing Details
| Price: | $Market Bid |
|---|---|
| Address: | 2721 Baker Ave |
| City: | Cincinnati |
| State: | Ohio |
| Year Built: | 1965 Reno 2022 |
Location Map
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